Team Collaboration Software Market to Reach USD 26,493 Million by 2027, Says Allied Market Research

Team Collaboration Software Market Size

Rise in number of collaborative workspaces is a major factor that drive the growth of the team collaboration software market.

PORTLAND, PORTLAND, OR, UNITED STATE, September 8, 2023/ — Surge in adoption of cloud-based software as service (SaaS), major shift toward virtual businesses due to covid-19 pandemic, and growing popularity of team collaboration software to reduce administration and maintenance fuel the growth of the global team collaboration software market. On the other hand, lack of IT infrastructure in developing regions impedes the growth to some extent. Nevertheless, integration of advanced technologies in team collaboration software is expected to offer a number of opportunities for the key players in the industry.

According to the report, the global team collaboration software industry was estimated at $9.87 billion in 2019, and is anticipated to hit $26.49 billion by 2027, registering a CAGR of 13.2% from 2020 to 2027.

Request Sample Report at:

Covid-19 Scenario:

➢ The outbreak of covid-19 has positively impacted the team collaboration software market, owing to surge in adoption of work from home policies.

➢ Furthermore, due to lockdown imposed by the government bodies, the industry has witnessed an increase in demand for collaborative platforms.

Based on software type, the communication and co-ordination segment contributed to more than half of the global team collaboration software market share in 2019 and is anticipated to lead the trail by 2027. This is due to surge in demand for collaborative work product during Covid-19 pandemic. At the same time, the conferencing segment would portray the fastest CAGR of 14.8% till 2027. This is owing to increase in need for communications among large number of employees distributed across various business locations. In addition, it also assists to monitor performance, manage work responsibilities, and determine hiring requirements, which further fuels the growth of the segment.

For Report Customization:

Based on geography, North America garnered the highest share in 2019, generating nearly two-fifths of the global team collaboration software market. The factor that North American players are introducing innovative collaboration software with additional in the existing software drives the market growth. Simultaneously, Asia-Pacific would manifest the fastest CAGR of 17.9% during the study period, owing to high number of players operating in the region.

Based on deployment mode, the cloud segment accounted for nearly three-fifths of the global team collaboration software market revenue in 2019 and is expected to rule the roost by the end of 2027. In addition, the same segment is anticipated to register the fastest CAGR of 14.3% throughout the forecast period. Rise in prevalence of cerebral stenosis and brain aneurysm fuels the segment growth. Increase in demand for cloud-based team collaboration software from large enterprises, due to high data volumes and number of teams, drives the growth of the segment.

☛ Buy Now & Get Exclusive Discount on this Report:

Leading Market Players

➢ IBM Corporation

➢ Microsoft Corporation

➢ MindMeld Inc.

➢ Oracle Corporation

➢ Slack Technologies, Inc.

➢ SMART Technologies ULC

➢ AT&T Intellectual Property

➢ Cisco System Inc.

➢ Citrix Systems Inc.

➢ Google LLC

Inquiry Before Buying:

Similar Reports:

1. Cloud Meetings and Team Collaboration Services Market

2. Mobile Unified Communication Collaboration Market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.


David Correa

5933 NE Win Sivers Drive

, Portland, OR 97220

United States

Toll-Free: 1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975


Follow Us on: LinkedIn Twitter

Allied Market Research
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media: